New models of mining and consensus by aleksandrpetuhov

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· @aleksandrpetuhov ·
New models of mining and consensus
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<p>Greetings! Today’s article continues a series of descriptions of possible applications (services) for the adaptive GONT consensus using alternative gas. In the first part we will talk about new models of mining and consensus. Have a productive reading!</p>
<p><img src="http://gont.blog/wp-content/uploads/2018/10/spisok-kart-dlya-mayninga-pochta-rambler.jpeg"/></p>
<p>We need to start with the fact that the goal of GONT is to build a new model of proof of work, but it is more universal and applicable in practice than zk-SNARK (autumn 2018). The disadvantage of zk-SNARK is that building proof of work (without work) is potentially just as difficult as doing the work itself.</p>
<p>GONT’s global interest lies in adaptive hardware consensus, sharding, and hardware accelerators. This AppNote should be a practical example for building a mathematical model and working out <strong>adaptive consensus in GONT</strong>.</p>
<p><img src="http://gont.blog/wp-content/uploads/2018/10/1511438049.jpg"/></p>
<p><strong>New models of mining. New consensus models.</strong></p>
<p><strong>New model for mining</strong><br>
It is the involvement of miners in rendering to create a new market.</p>
<p><em><strong>A new model for mining recently appeared on the Ethereum Foundation channel and it is worth considering.&nbsp;</strong></em></p>
<p><strong>Model:</strong> PoW-battle of miners video + new competitive model for consensus !!!</p>
<p>The main video with the presentation can be viewed here:<br>
[<a href="https://www.youtube.com/watch?v=ci5tMLEVX_0">https://www.youtube.com/watch?v=ci5tMLEVX_0</a>]</p>
<p><strong>Question:</strong> Is GONT optimal for new consensus models when there is a digression from canonical PoW? Do I need to change the “<strong>Seal Engine</strong>” in Ethereum for this?</p>
<p>You can read about the meaning of “seal a block” here: [<a href="https://ethereum.stackexchange.com/questions/6093/what-does-it-mean-to-seal-a-block">https://ethereum.stackexchange.com/questions/6093/what-does-it-mean-to-seal-a-block</a>]</p>
<p>The competitive model proposed by the “<strong>Render Mining”</strong> model motivates the creation of new “iron” solutions. This is also possible in GONT!</p>
<p>Competitive work on finding hash in Ethereum PoW (ETHASH) is replaced by <strong>competitive computing work on rendering video</strong> (which is perhaps much more useful in real life). This is the general approach “to new types of competitive computing work” for advanced types of consensus. Thus, a new large research space appears.GONT offers an even more advanced consensus – <strong>consensus at the level of individual chip units</strong> (hardware consensus GONT). AlGas economy in GONT is ideal for developers of new IP in the fabless area.</p>
<p>The expansion of the Ethereum application market in this paradigm will be very significant. Further we will try to show it in this AppNote.</p>
<p><img src="http://gont.blog/wp-content/uploads/2018/10/1-3.png"/></p>
<p><strong>Proof of business model</strong></p>
<p><em><strong>Is the PoW battle miners video business model?</strong></em><br>
Project financing – $ 4M.<br>
[<a href="https://youtu.be/ci5tMLEVX_0?t=1319">https://youtu.be/ci5tMLEVX_0?t=1319</a>]</p>
<p><strong>Problems:</strong><br>
Slow rendering in 3D Vue (as an example):</p>
<p><img src="http://gont.blog/wp-content/uploads/2018/10/Снимок-экрана-2018-10-17-в-14.23.10-768x431.png"/></p>
<p>Large resolution (4K) for complex movie scenes results in a very slow rendering (clock for one picture). <strong>Rendering such images is very expensive: hundreds of dollars a day for computing resources.</strong> This, in turn, generates demand for accelerator chips.We come to an alternative use of a graphics chip (GPU) <strong>for calculating graphics and for mining at the same time!</strong> Which is much more useful than just mining.</p>
<p><strong>Conclusion:</strong></p>
<ul>
  <li>New “toy for miners” (in fact – a real business model!).</li>
  <li>There is space for a new HW (chips within the GONT model).</li>
  <li>There is a big demand from the “real world”.<br>
<br>
<strong>And most importantly: “mining video is much more profitable!”</strong></li>
</ul>
<p><img src="http://gont.blog/wp-content/uploads/2018/10/Снимок-экрана-2018-10-17-в-14.31.27.png"/></p>
<p>Thank you for attention! Read a continuation&nbsp;in the next articles.<br>
GONT</p>
<p><br></p>
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